Bank of Tennessee closing costs and rates (2024)
In 2024, Bank of Tennessee originated 247 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $6,399. That is $342 below the national median of $6,741. Bank of Tennessee is most active in Tennessee with 222 originations there.
Purchase Originations
247
Median Total Costs
$6,399
−5.1% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$2,533
Median Lender Credits
$125
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 180 | 6.875% | $5,212 | $2,619 |
| fha | 55 | 6.125% | $10,511 | $2,306 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Tennessee | 222 | 6.625% | $6,407 | #68 |
| North Carolina | 14 | 7.860% | $5,076 | — |
| Virginia | 6 | 6.000% | $6,746 | — |
| Florida | 1 | 5.625% | $10,511 | — |
| Illinois | 1 | 6.875% | $5,582 | — |
| Kentucky | 1 | 6.125% | $12,370 | — |
| South Carolina | 1 | 4.600% | $6,508 | — |
| Texas | 1 | 6.875% | $9,960 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,886 | 6.624% | — | 19 | −$1,513 | |
| 2 | $4,962 | 7.058% | — | 20 | −$1,437 | |
| 3 | $5,064 | 6.687% | — | 8 | −$1,335 | |
| 4 | $5,295 | 6.355% | — | 2 | −$1,104 | |
| 5 | $5,437 | 7.560% | — | 11 | −$962 | |
| 6 | $5,479 | 6.620% | — | 8 | −$920 | |
| 7 | $5,522 | 6.957% | — | 4 | −$877 | |
| 8 | $6,002 | 7.360% | — | 25 | −$397 | |
| 9 | $6,217 | 5.938% | — | 4 | −$182 | |
| 10 | $6,647 | 6.375% | — | 26 | +$248 | |
| 11 | $6,967 | 6.624% | — | 12 | +$568 | |
| 12 | $7,102 | 6.624% | — | 37 | +$703 | |
| 13 | $7,120 | 6.562% | — | 14 | +$721 | |
| 14 | $7,175 | 7.835% | — | 3 | +$776 | |
| 15 | $7,727 | 6.562% | — | 4 | +$1,328 | |
| 16 | $8,556 | 6.615% | — | 18 | +$2,157 | |
| 17 | $8,583 | 6.562% | — | 4 | +$2,184 | |
| 18 | $10,264 | 6.562% | — | 2 | +$3,865 | |
| 19 | $10,476 | 6.572% | — | 2 | +$4,077 | |
| 20 | $10,511 | 5.625% | — | 1 | +$4,112 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.